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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $221.20
- 3 Days on Market
- MLS # : 6182146
- Updated Date : 01/22/2021 at 02:53
CONSTRUCTION
- Beds : 2
- Floor Size : 1,627 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Completely remodeled Sun City Grand 2 Bedroom, 2 Bath Plus Den Madera Model On Corner Lot in a Central Area. New Luxury plank flooring throughout. Quartz on all countertops. New paint, baseboards, and toilets. Beautifully tiled bathrooms and backsplash. Brand New Water heater. New AC and Furnace in 2018. PVC Landscaping system. Also BRAND New appliances! The list goes on and on. Front Courtyard Patio, Extended Backyard Patio and Fenced Yard.Don't miss this one!
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PRICE & RENT TRENDS
Neighborhood: Sun City Grand Granite Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Grand Granite Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$250 | |
| Property Insurance | -$59 | |
| HOA | -$11 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$9
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$359,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
5.42
YEARS SAVED
$20,754
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,749
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
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17870 N Havasupai Drive Surprise, AZ 1
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16270 W Cactus Valley Lane Surprise, AZ 2
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LEASED 10/01/19- Rent
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- $1,375
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15370 W Jill Lane Surprise, AZ 3
- 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,336 Sqft ∙ Built 1997
LEASED 10/11/19- Rent
- Rent Per SQFT
- $1,395
- $1.04
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15907 W Sunstone Lane Surprise, AZ 4
- 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,300 Sqft ∙ Built 1996
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,450
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19765 N Wind Rose Way Surprise, AZ 5
- 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,627 Sqft ∙ Built 1997
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.11
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182146
Last Updated: 01/22/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
